Whats on the horizon?

As the complex economic landscape continues to change, Australians continue to ask what is on the horizon for Sydney’s mortgage rates.

There are finally some goods news coming from CBA where they predict a reduction in the cash rate by September, with a predicted decrease of 0.75%.

A reduction in the cash rate would bring some much-needed relief for homeowners and could provide borrowers with some more affordable housing options.

The decision to reduce to the cash rate is influenced by many factors including inflation, unemployment levels and economic growth so this forecast is subject to change.

As Sydney continues to evolve, the prospect of lower interest rates offer a positive future for homeowners.